Trading Machines

[Shanghai 10]

Hi, I would like to know what does that red candlestick means. It is SPY, 5min chart on 11-may-2012. It's the same thing on 1min chart. So, what do you think it happened? Everybody got stopped out, but who might pulled the trigger? What do you think?

 

[MightyMouse 12]

Hi, I would like to know what does that red candlestick means. It is SPY, 5min chart on 11-may-2012. It's the same thing on 1min chart. So, what do you think it happened? Everybody got stopped out, but who might pulled the trigger? What do you think?

 

 

No such candle stick exists. You have a glitch somewhere. Look at other data sources.

 

However, there will be times when you see bizarre levels.

[Shanghai 10]

Hi, thanks for reviewing the chart. Same thing happened in HD last week or so in my trading platform. However, is it possible that when a candle stick like this occurrs for real, it might include trades which are not made in the market? Someone told me that there is a lot of volume at close which is not actually traded in the market but only written down.